Merge testing is 90% complete, as noted by Ethereum founder Vitalik Buterin, adding that the project is in a long process that will make it robust in many ways, so let’s read more today in our Latest Ethereum news.
Buterin claimed that ETH developers are working on five long-term steps aimed at improving the overall capabilities of the network and first on the agenda is the merge test which is 90% complete and needs to be tested. on Ropsten. During the ongoing annual Ethereum conference, Buterin described the improvements the development team is working on both long-term and short-term.
With the long-awaited transition of the protocol from PoW to PoS later this year, the Ethereum founder noted that most of the testing has been done. He said the fusion needed to be tested on Ropsen, which could happen very soon. 9e shadow fork has gone live which means the start of the final testing phases of the merger is underway and at one point one of the main Ethereum developers hinted that the event could take place in September of this year.
Buterin further added that validators will be able to start withdrawing the ETH they have locked into depository contracts once the merger is complete. He said the folks at Merge will be able to build an Ethereum client that doesn’t know the proof-of-work phase has occurred. Another phase included in the Ethereum roadmap called Surge will focus on increasing network scalability for rollups via sharding. He noted that once the roadmap is completed, ETH will be able to process 100,000 transactions per second, which can be a huge improvement from the current 15-20.
As reported recently, Ethereum ETH jumped 12% on the rapid approach of Merge and the upward price movement is closely tied to the Merge event which is expected to occur in September. The highly anticipated upgrade will take ETH from Blockchain PoW network to PoS network and upgrading should improve network scalability but also reduce carbon footprint. Along with the trial of the latest fork is, the activity of ETH-based applications is also increasing.
DC Forecasts is a leader in many crypto news categories, striving to achieve the highest journalistic standards and adhering to a strict set of editorial policies. If you are interested in offering your expertise or contributing to our news site, please do not hesitate to contact us at [email protected]